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‘The overarching aim of the Budget was to accelerate growth and push India towards a developed country status’ | Photo Credit: PTI The Union Budget has got many things right. Its projection of nominal GDP growth for 2025-26, at 10.1%, is reasonable and acceptable. The Economic Survey 2024-25 had indicated a real GDP growth in…
Read More “A Budget that is mostly good but with one wrong move” »
‘The Budget’s policy announcements and fiscal plans need closer scrutiny’ | Photo Credit: ANI The Union Finance Minister, Nirmala Sitharaman’s presentation of the Union Budget on Saturday, February 1, was against the backdrop of pressing macroeconomic challenges — persistently high taxes and unemployment squeezing the middle-income class, subdued private investment, mounting external vulnerabilities that threaten…
Read More “Beyond tax cuts, a closer read of the Union Budget” »
Image used for representative purpose only. | Photo Credit: G.N. RAO The country’s higher education system ranks among the largest globally with 4.33 crore students enrolled in 2021-22, a 26.5% increase from 3.42 crore in 2014-15. The Gross Enrolment Ratio (GER) for the 18–23 age group also increased from 23.7% to 28.4% during this same…
Read More “Make higher education regulations voluntary: Economic Survey” »
Chief Economic Advisor V. Anantha Nageswaran during a press conference on Economic Survey 2024-25, in New Delhi on Friday. | Photo Credit: ANI India’s equity market has rapidly grown particularly after the pandemic, but its debt market remains undercapitalised, according to the Economic Survey for 2024-25 tabled in Parliament on Friday. Corporate bond issuances in India…
Read More “‘Debt market in India remains undercapitalised; risky borrowers unable to tap market’” »
Image used for representative purpose only. | Photo Credit: Reuters The secondary markets have delivered positive performance amidst significant volatility witnessed since the commencement of FY25 and on a longer-term basis, Indian markets have been among the best-performing markets in the world the Economic Survey 2024-25 has stated. “The compounded annualised returns of Nifty 50 for…
The real challenge in school education is to maintain the retention rates for all classes, from primary to higher secondary levels, the Economic Survey 2024-25 said on Friday. Retention rate is the percentage of students who enrol in a school and continue over a specific period of time. “Retention rates stand at 85.4% for primary…
Read More “Challenge of school education is to maintain retention rates: Economic Survey” »
Presenting the Economic Survey on Friday (January 31, 2025), Chief Economic Adviser V. Anantha Nageswaran, among other things, put forth a case for deregulation. According to him, “pervasive” deregulation would not only facilitate ease of doing business but also enable conditions for employment generation. He emphasised this an imperative, among other things, as a means…
Photo used for representation purpose only. | Photo Credit: The Hindu Lack of localisation and complexity of the Indian textile value chain result in higher costs for Indian exporters in the textile sector, relative to global competitors. India’s textile production occurs across multiple independent and clustered Small and Medium Enterprises (SMEs) spread across the country….
Read More “Textiles sector should address issues related to cost competitiveness: Economic Survey” »
Skyrocketing fees for undergraduate medical education remains a considerable challenge that denies the opportunity to make the MBBS degree accessible and affordable for students from less privileged backgrounds, states the Economic Survey 2024-25. Since financial year 2018-19, the number of medical colleges grew from 499 to 648 in FY 2023 to 780 in FY 2025,…
Growth in corporate profits needs to be commensurate with wages to boost the economy, Economic Survey 2024-25 said, noting that sharp disparities between the two pose risk to the economy by curbing demand. The document tabled in Parliament on Friday (January 31, 2025) noted that while the labour share of GVA (gross value added) shows…